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Share capital ac dr 40000 To calls in arrear ac 28000 To share forfeiture ac 12000 Bank ac dr 18000 Share forfeiture ac dr 2000(w.n.1) To share capital ac 20000 Share forfeiture ac dr 4000 To capital reserve ac 4000 Working note: 1.share forfeited (related to reissue) =12000×2000/4000 =6000 Now, amount transferred to capital reserve=4000 Therefore, discount allowed on reissue=6000-4000=2000 Thus, share reissued at =(20000-2000)/2000=9 Ans. shares reissued at Rs.9 per share

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Deleted topic of accountancy

Posted by Shiva Pandey 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Rohan Sharma 3 years, 8 months ago

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms and Companies Unit 2: Accounting for Partnership Firms Units/Topics Accounting for Partnership firms - Reconstitution and Dissolution. ● Admission of a partner - adjustment of capital accounts and preparation of balance sheet. ● Retirement and death of a partner: adjustment of capital accounts. Preparation of loan account of the retiring partner. ● Preparation of deceased partner’s capital account and his executor’s account. Unit - 3 Accounting for Companies Units/ Topics Accounting for Debentures ● Redemption of debentures-Methods: Lump sum, draw of lots. Project Work: From session 2020-21 onwards, there would be only ONE project (specific) to be prepared. Note: Kindly refer to the related Guidelines published by the CBSE. ● Since there is only one project instead of three hence 10 Lectures were reduced in the same

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Any easy trick of revaluation account

Posted by Shiva Pandey 3 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Aashna Gupta 3 years, 8 months ago

DAD (decrease in asset debit

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Akanksha Raj 3 years, 8 months ago

All losses in debit side and all profit in credit side

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Galaxy core club balance sheet as at 1 April 2019 was under process and payment account for the year ended 31st March 2020 was

Posted by Divesh Joshi 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Royal Om 3 years, 8 months ago

U mean ..?

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From the following balances prepare trading A/C of Miss Ananya Panday for year ended 31st March 2020. Opening stock Rs55000 Sales Rs288000 Wages Rs30000 Octoroi duty Rs1000 Royalty Rs3000 Purchase Return Rs 5000 Motive Power Rs10000

Posted by Gurjaap Sidhu 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

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from the following particulars compute the Current ratio. land and building 500000, inventory 70000

Posted by Neetu Gautam 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Shubham Sharma 3 years, 8 months ago

430000 CR = c.a. - inventory

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From the following balance sheet of Gopal limited as at 31st March 2020 prepare cash flow statement

Posted by Xyz A 3 years, 8 months ago

CBSE > Class 12 > Accountancy

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P a partner withdraw 8000 out of capital during the year if the firm maintains capital on fixed capital basis it will be recorded as

Posted by Manpreet Kaur 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Arun Kumar 3 years, 8 months ago

Partners Current A/c

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Interest on drawings if amount withdrawn at beginning of the month for 9months

Posted by Saumya Shukla 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

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Last year ke papers ke answers(solutions) kha h?

Posted by Md Aajid 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

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following are the balance sheet of Agarwal limited as 31st March 2017 and 16 equity and liabilities share capital 200000 in 2 lakh reserve and surplus 100025 20000 non current liabilities long-term borrowing mortgage loan 75000 50000 current liabilities trade payable 36000 70000 be short term provision 43000 30000 2nd assets non current assets fixes a tangible asset 323024 current asset inventory 7250 trade receivable 15175 cash and cash equivalents 3359 cash and cash equivalents 2008 the current asset 2000

Posted by Gaurav Panwar 3 years, 9 months ago

CBSE > Class 12 > Accountancy

0 answers

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How to revise ratio chapter

Posted by Harnoor Nandha 3 years, 9 months ago

CBSE > Class 12 > Accountancy

0 answers

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24. If Long-term Loans & Advances for 2020 is ₹ 3,60,000 and the absolute change is 20%, calculate Long-term Loans & Advances for 2019

Posted by Anant Tomar. 3 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Ritesh Kumar Gupta 3 years, 8 months ago

300000= (360000/120*100)

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(Calculation of capital in the begining). A and B are partners in a buisness there capitals at the year end were 48,000 rupess and 36,000 rupess respectively. During the year ended 31st march, 2016. A's drawings and B's were 8,000 rupess and 12,000 rupess respectively. Profits (before charging interest on capital) during the year were 32,000 rupess. Calculate interest on capital @ 5% per annum for the year ended 31st march, 2016.

Posted by Mayank Sahay 3 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Ritesh Kumar Gupta 3 years, 8 months ago

Closing capital Add Drawing minus share of profit in this question profit sharing ratio is not given so we will assume it is 1:1 A's opening capital is 48000+8000-16000=40000 and its int on capital is 2000

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When can receipt of dividend be classified as an operating activity? State also give reason.

Posted by Jagriti Vishwakarma 3 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Shreyansh Jain 3 years, 9 months ago

When que says that the company is a financial company

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From the following receipt and payment account of Vinod Welfare Club for the year ended 31st March 2020 edition formation there are thousand members is paying a description of 125 subscription in areas with meanings 87500 100 members paid subscription in advance for the 2019-20 additional information second stock of stationary on 31st March 2019

Posted by Yogita Choudhary 2 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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All formulas of solvency ratio ??

Posted by Nancy Kumari 3 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Cute Girl 3 years, 9 months ago

1 proprietary Ratio = shareholder's funds/total assets 2 debt to equity Ratio= debt/equity 3 total assets to debt ratio= total assets/ debt 4 interest coverage ratio= profit before tax and interest/interest on long term debt

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Zara today episode 10,000 equity share of rupees 10 each other per paper on application to per share on allotment three person on first call 3% and on second call to person was allotted it is share pass the journal entry into the for future of share in each of the following of after native places first if z fail to pay allotment money and his share were for free dead after allotment 2nd if z felt rupay allotment money and on his subsequent to that the first call is there were forfeited after the first call third if Jet fail to pay the first called and on his subsequent failure to pay the final call is there were forfeited

Posted by Monika Banjare 3 years, 9 months ago

CBSE > Class 12 > Accountancy

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Zara Ltd

Posted by Monika Banjare 3 years, 9 months ago

CBSE > Class 12 > Accountancy

0 answers

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calculate operating ratio with following information: cash revenue from opeartions= 80000(which is40% of total revenue from opeartions) Purchases=110000 operating expenses=3500 excess of closing inventory over opening inventory =12000

Posted by Purvi Bafna 3 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Priyanshu Pandey 3 years, 9 months ago

Total revenue=cash revenue*100÷40 80000*100÷40= 200000 Cost of revenue from operation =purchase - excess of closing stock 110000-12000= 98000 Op R = 98000+3500÷200000 = 0.5075

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Share capital of a company consists of 80,000 shares of 10 rupee each, 8 rupees called up. All the shareholders have duly paid the called up amount. Share capital will be shown as

Posted by Sandeepta Sethi 3 years, 9 months ago

CBSE > Class 12 > Accountancy